Dbriefs Webcasts – March 7-13, 2013

Upcoming Webcasts for Financial Executives

In January, several market-leading banks reported substantial charges in their 2013 earnings related to their adoption of certain fair value adjustments. The size of the adjustments, ranging from hundreds of millions to billions of dollars, left many market participants and investors asking questions about these adjustments and their impacts on financial reporting. We’ll discuss:

An overview of fair value adjustments, including credit, debit, and funding – CVA, DVA, and FVA.

The health care industry is likely to be in a state of flux responding to the democratization of medical knowledge, the consumerization of health care, and big data’s impacts. What do these changes mean for health care stakeholders? We’ll discuss:

Emerging technology trends changing how the health care system operates and delivers care, including mHealth, analytics, and new care settings.

Implications for the industry, including security and privacy, mobile device management, and new solutions to old problems.

As businesses continue to expand globally and foreign exchange markets continue to fluctuate, it is important to understand the potential implications of foreign currency hedging transactions on taxable income. What are important considerations? We’ll discuss:

Hedging basics, including complexities of income tax reporting for foreign currency hedging transactions and the importance of coordinating with finance and treasury departments.

Potential traps, including pitfalls associated with relying on book hedge identifications for tax purposes and the potential application of straddle rules to unidentified tax hedges.

Other financial statement and income tax reporting differences.

Gain fresh insights on this challenging area of income tax reporting and how to potentially avoid unintended consequences.

Under Russia’s new transfer pricing rules, multinationals must submit a more broad-based package of transfer pricing documentation. What has been the tax authority’s response? We’ll discuss:

Common issues multinationals have faced performing analyses and preparing new documentation, including transaction aggregation, the possibility of having to perform year-end adjustments, pricing of intercompany loans, and intellectual property.

Feedback from Russian tax authorities after their initial review of new documentation packages.

Social media is exploding across the globe, but perhaps nowhere is the phenomenon bigger than in China. Multiple social media websites, mostly unknown outside China, link hundreds of millions of citizens through dynamic online communities. What are key considerations for companies seeking to tap into this unique social media landscape? We’ll discuss:

Why social media is a CEO- and boardroom-level discussion in both Chinese state-owned enterprises and top Chinese companies.

Ways to decode the complex social media equation in China.

Opportunities to use social to compete in the marketplace.

Learn about recent social media developments in China and consider the many implications for your business.

Why do mergers and acquisitions (M&A) underperform so often? While integration is not conceptually difficult, it requires careful planning followed by an extremely meticulous focus on execution. We’ll discuss:

Planning for a high-performing, integrated supply chain and identifying leaders early in the process.

Preparing by adopting a holistic approach to due diligence and aligning the operational model with customers and market needs of the combined entities.

Executing by defining not just the end state, but also steps that address complexity and required resources, communications, and management.

Learn three principal areas of integration where companies can refine efforts to create desired operational synergies through M&A transactions.

Related Deloitte Insights

Upcoming webcasts include “What Offshore Fund Directors Need to Know About Audits and Taxes” on March 25 at 2 PM ET and “From Disruption to Opportunity: Managing and Capitalizing on Strategic Risk" on March 26 at 2 PM ET. Join these and other webcasts designed for executive-level audiences on important developments affecting business.

Upcoming webcasts include “Market Value Realization: Building Investor Confidence” on March 17 at 2 PM ET with guest speaker Charles Triano, senior vice president, Investor Relations at Pfizer, and “M&A in Alternative Energy: What's Driving Recent Activities?" on March 17 at 2 PM ET. Join these and other webcasts designed for executive-level audiences on important developments affecting business.

Upcoming webcasts include “FATCA and Common Reporting Standard: Preparing for New Compliance Risks in 2015” on March 9 at 2 PM ET and “Recent Fraud and Corruption Enforcement Trends: Impacts on the Insurance Industry" on March 10 at 2 PM ET. Join these and other webcasts designed for executive-level audiences on important developments affecting business.

Views & Analysis

From a regulatory perspective, the lines between fintech and traditional financial institutions are starting to blur, bringing greater regulatory expectations, along with potential penalties and legal actions for noncompliance. Regardless of whether fintech companies decide to become a bank chartered institution, they can increase their potential for success by having solid risk management controls in place. That differentiation might open doors to market share and revenue growth, as well as provide a level of comfort to a variety of stakeholders.

Effective governance remains a top focus for U.S. banking sector regulators, with a strong emphasis placed on sustainability, accountability, holistic end-to-end views and conduct. Regulators have been assessing their rules, guidance and supervisory expectations with an eye toward improving the effectiveness of outcomes. As a part of this trend, the Federal Reserve Board is signaling a new age of governance and accountability through recent proposals on board effectiveness, a new rating system for large financial institutions and supervisory expectations for senior management, business line management and independent risk management and controls.

In 2018 banks are focused on becoming more strategically oriented, technologically modern and operationally agile. To do that they will have to address multiple challenges, including a restive customer base, regulations, legacy systems, disruptive models and technologies, new competitors, cyber risk and workforce transformation. Priorities and potential solutions will vary by business line. Scott Baret, vice chairman, U.S. Banking & Capital Markets leader, Deloitte & Touche LLP, discusses how these challenges are impacting retail and commercial banks, wealth management firms, and payments and capital markets businesses.

Editor's Choice

As chief risk officer of American Express, Paul Fabara is remaking compliance and risk management by driving the use of technology and data analysis, including development of an early-warning system to detect potential risks. He discusses how he has worked with the business units and board to carve out a new role for compliance and risk and how the functions have ramped up to contribute to decision-making at the operational and strategic levels, with Ash Raghavan, principal, Deloitte Risk and Financial Advisory, Deloitte & Touche LLP.

Nearly 40% of North American CFOs participating in Deloitte’s fourth-quarter 2017 CFO Signals™ survey say their company will take above-normal risks in pursuit of higher returns, up from 25% a year ago, and 63% say now is a good time to be taking on greater risk. Sanford Cockrell III, national managing partner of Deloitte’s U.S. CFO Program, notes that CFOs’ optimism about their own companies’ prospects rebounded to the third-highest level in the survey’s history. Still, some CFOs have some concerns about constraints to their organization’s performance, including talent challenges.

Developments in 2017 demonstrate the range and depth of the challenges facing boards. Perennial challenges include strategy, risk, compensation, shareholder engagement and regulatory uncertainty. Adding to the list are board composition, social responsibility, technology risk, culture risk and the combination of innovation and disruption. Learn more about what investors, regulators and other constituencies may expect boards to address in the year ahead.

About Deloitte Insights

Deloitte’s Insights for C-suite executives and board members provide information and resources to help address the challenges of managing risk for both value creation and protection, as well as increasing compliance requirements.